Oracle and Microsoft, with its new partner, both submitted bids in a deal that could come within the week, according to people familiar with the deliberations. Walmart would also own a stake in a newly spun off TikTok business, alongside Microsoft, the people said. — Bloomberg
Microsoft Corp teamed up with Walmart Inc in a contest with Oracle Corp to buy the US assets of the popular video-sharing app TikTok from China’s ByteDance Ltd.
Oracle and Microsoft, with its new partner, both submitted bids in a deal that could come within the week, according to people familiar with the deliberations. Walmart would also own a stake in a newly spun off TikTok business, alongside Microsoft, the people said.
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